
Argentine Foreign Affairs minister Héctor Timerman revealed Tuesday that the trade deficit Argentina has with Brazil is “concerning”, and indicated that both nations are working “to reduce it.”

Inter-region Latinamerican trade soared 24.6% to 133 billion US dollars during 2010 according to the latest report from ALADI (Latinamerican Integration Association) released Tuesday in Montevideo. This signals a significant recovery from the late 2008 financial crisis but still is short of that year’s record of 146 billion USD.

The provincial government of Santa Fe home of Argentina's grain export hub has requested the federal government to help end a week-old strike that is delaying shipments from one of the world's biggest food suppliers, the provincial Labour minister said on Tuesday.

The world economy is beset by problems such as high unemployment and rising prices which could fuel trade protectionism and even lead to war within nations, the head of the International Monetary Fund warned.

The number of illegal immigrants in the United States levelled off at around 11 million in 2010, ending a two-year slide since the start of the recession, according to a study released on Tuesday.

Chilean president Sebastián Piñera is expected next Friday in Punta Arenas airport en route to Antarctica with his Ecuadorean counterpart Rafael Correa, but will avoid all contact with locals, reports La Prensa Austral.

Paraguay the only Mercosur member with no formal diplomatic relations with China-Beijing, --since it only recognizes Taiwan--, is scheduled to open a trade office in Hong Kong (Peoples Republic of China) some time in the next few weeks.

Egypt’s military promised Monday night not to fire on any peaceful protests and said it recognised “the legitimacy of the people’s demands” ahead of a demonstration in which organisers aim to bring a million Egyptians to the streets to press for the ouster of President Hosni Mubarak.

Emerging market countries such as Brazil and Argentina must take a stronger position against competitive depreciations, Brazilian President Dilma Rousseff told Argentine press on Sunday.

In her first overseas visit as Brazilian president, Dilma Rousseff ratified Monday in Buenos Aires the “special strategic” relation with Argentina while her counterpart Cristina Fernandez de Kirchner, CFK, called for an “increased productive integration” between the two leading Mercosur partners.